Today Lions Gate Entertainment Corp. (USA) Had High Bearish Options Activity

 Today Lions Gate Entertainment Corp. (USA) Had High Bearish Options Activity

In today’s session Lions Gate Entertainment Corp. (USA) (LGF) recorded an unusually high (686) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious LGF decrease. With 686 contracts traded and 7104 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: LGF161216P00022000 closed last at: $0.4 or 14.3% up. About 74,376 shares traded hands. Lions Gate Entertainment Corp. (USA) (NYSE:LGF) has risen 12.49% since April 27, 2016 and is uptrending. It has outperformed by 7.27% the S&P500.

Analysts await Lions Gate Entertainment Corp. (USA) (NYSE:LGF) to report earnings on February, 2. They expect $0.18 earnings per share, down 51.35% or $0.19 from last year’s $0.37 per share. LGF’s profit will be $27.03M for 32.56 P/E if the $0.18 EPS becomes a reality. After $-0.35 actual earnings per share reported by Lions Gate Entertainment Corp. (USA) for the previous quarter, Wall Street now forecasts -151.43% EPS growth.

Lions Gate Entertainment Corp. (USA) (NYSE:LGF) Ratings Coverage

Out of 14 analysts covering Lions Gate Entertainment Corp. (NYSE:LGF), 13 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 93% are positive. $48 is the highest target while $23 is the lowest. The $35.08 average target is 49.66% above today’s ($23.44) stock price. Lions Gate Entertainment Corp. has been the topic of 36 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The rating was initiated by Bernstein with “Outperform” on Tuesday, December 15. As per Friday, August 5, the company rating was maintained by RBC Capital Markets. The rating was maintained by Topeka Capital Markets with “Buy” on Tuesday, January 19. The firm has “Outperform” rating by FBR Capital given on Monday, November 30. The firm has “Buy” rating by Loop Capital given on Tuesday, August 9. FBR Capital maintained it with “Outperform” rating and $32 target price in Tuesday, August 2 report. JBL Advisors initiated the shares of LGF in a report on Friday, September 25 with “” rating. The stock of Lions Gate Entertainment Corp. (USA) (NYSE:LGF) has “Buy” rating given on Friday, October 28 by Stifel Nicolaus. The stock of Lions Gate Entertainment Corp. (USA) (NYSE:LGF) has “Buy” rating given on Tuesday, September 6 by Brean Capital. Stifel Nicolaus maintained the stock with “Buy” rating in Friday, February 5 report.

According to Zacks Investment Research, “Lions Gate Entertainment Corp. is an entertainment company with a presence in motion picture production and distribution, television programming and syndication, home entertainment, digital distribution and new channel platforms. It is engaged in the development and production of feature films, North American theatrical, home entertainment, and television distribution of feature films and worldwide licensing of distribution rights to feature films. Lions Gate Entertainment Corp. is headquartered in Vancouver, British Columbia.”

Insitutional Activity: The institutional sentiment decreased to 1.02 in 2016 Q2. Its down 0.15, from 1.17 in 2016Q1. The ratio fall, as 36 funds sold all Lions Gate Entertainment Corp. (USA) shares owned while 69 reduced positions. 51 funds bought stakes while 72 increased positions. They now own 130.86 million shares or 1.65% more from 128.73 million shares in 2016Q1.
Mizuho Securities Usa has 0.08% invested in the company for 26,100 shares. The California-based California State Teachers Retirement Systems has invested 0.01% in Lions Gate Entertainment Corp. (USA) (NYSE:LGF). Great West Life Assurance Commerce Can owns 10,579 shares or 0% of their US portfolio. Cadian Management L P holds 0.44% or 400,000 shares in its portfolio. Pennant Mngmt Ltd Liability Com has invested 2.55% of its portfolio in Lions Gate Entertainment Corp. (USA) (NYSE:LGF). Tocqueville Asset Management Limited Partnership reported 302,649 shares or 0.08% of all its holdings. Aston Asset Mngmt Ltd Com last reported 1.01% of its portfolio in the stock. Moreover, Wells Fargo Co Mn has 0.01% invested in Lions Gate Entertainment Corp. (USA) (NYSE:LGF) for 1.58 million shares. The Rhode Island-based Amica Mutual Ins has invested 0.09% in Lions Gate Entertainment Corp. (USA) (NYSE:LGF). Rhumbline Advisers last reported 87,548 shares in the company. Omers Administration Corp accumulated 24,600 shares or 0.01% of the stock. Credit Suisse Ag last reported 225,094 shares in the company. Freshford Cap Management Ltd Liability last reported 0.99% of its portfolio in the stock. Fic holds 1.05% of its portfolio in Lions Gate Entertainment Corp. (USA) (NYSE:LGF) for 110,125 shares. Moreover, Comerica Commercial Bank has 0% invested in Lions Gate Entertainment Corp. (USA) (NYSE:LGF) for 16,055 shares.

Insider Transactions: Since August 9, 2016, the stock had 3 insider buys, and 1 sale for $3.12 million net activity. The insider EVRENSEL ARTHUR bought 2,600 shares worth $48,360. $5.18 million worth of Lions Gate Entertainment Corp. (USA) (NYSE:LGF) was sold by FELTHEIMER JON. Crawford Gordon bought 40,000 shares worth $921,600.

Lions Gate Entertainment Corp. is engaged in motion picture production and distribution, television programming and syndication, home entertainment, international distribution and sales, branded channel platforms, interactive ventures and games and location entertainment. The company has a market cap of $3.52 billion. The Firm operates through two divisions: Motion Pictures and Television Production. It has a 108.18 P/E ratio. The Company’s Motion Pictures segment consists of the development and production of feature films, acquisition of North American and around the world distribution rights, North American theatrical, home entertainment and television distribution of feature films produced and acquired, and around the world licensing of distribution rights to feature films produced and acquired.

LGF Company Profile

Lions Gate Entertainment Corp., incorporated on April 28, 1997, is engaged in motion picture production and distribution, television programming and syndication, home entertainment, international distribution and sales, branded channel platforms, interactive ventures and games and location entertainment. The Firm operates through two divisions: Motion Pictures and Television Production. The Company’s Motion Pictures segment consists of the development and production of feature films, acquisition of North American and around the world distribution rights, North American theatrical, home entertainment and television distribution of feature films produced and acquired, and around the world licensing of distribution rights to feature films produced and acquired. The Company’s Television Production segment consists of the development, production and around the world distribution of television productions, including television series, television movies, and mini-series and non-fiction programming.

Another recent and important Lions Gate Entertainment Corp. (USA) (NYSE:LGF) news was published by Schaeffersresearch.com which published an article titled: “Analyst Update: Wayfair Inc, Lions Gate Entertainment Corp. (USA), and …” on November 04, 2016.

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